ADM to Acquire Soybean Crushing Facility, Form Partnership for Biodiesel Business In Missouri

05 Apr 2011 --- Prairie Pride, Inc. is a new-generation producer cooperative formed to convert soybeans into biodiesel fuel and soy meal. The facility began producing biodiesel in late 2007 and processing soybeans in August 2008.

4/5/2011 --- Archer Daniels Midland Company (ADM) has announced plans to acquire a soybean crushing and biodiesel facility in Deerfield, Mo., from Prairie Pride, Inc. ADM will also form a partnership with Prairie Pride for the biodiesel portion of the business.
 
“The acquisition of Prairie Pride’s soybean facility and partnership for the biodiesel business were attractive to us because they are aligned with our growth strategy and fit well within our integrated business model,” said Matthew J. Jansen, president, Global Oilseeds. “We look forward to working with the 1,000 farmers of Prairie Pride to transform soybeans into food, feed and fuel products used by consumers and businesses around the world every day. And we look forward to becoming a part of the Vernon County community.”

Prairie Pride, Inc. is a new-generation producer cooperative formed to convert soybeans into biodiesel fuel and soy meal. The facility began producing biodiesel in late 2007 and processing soybeans in August 2008.
 

Related Articles

From TWOFI

The Serious Case for Eating Insects

Population growth around the world is exerting unprecedented pressure on global food production. Already popular in some regions, edible insects for human consumption, are increasingly seen as a key part of the food supply solution.

From TWOFI

View From The Top: Fabienne Saadane-Oaks, CEO, ABF Ingredients

Fabienne Saadane-Oaks was appointed as CEO of ABF Ingredients on March 16, 2015. An interview discussing growth, innovation and consumer trends.

From TWOFI

Tasteless Magnesium Fortification Success

Highly soluble magnesium compounds usually come along with a bitter, hence objectionable taste. A new solution overcomes this technical challenge.

From TWOFI

Opinion Edge: How to Implement a Sustainable Strategy

Key suppliers offer their thoughts on the implementation of traceability and sustainability. What is driving the demand for clearer labels and greater transparency and what role can ingredients suppliers play?

From TWOFI

View From The Top: Maria-Johanna Schaecher, Raps

Raps has set a turnover target of €180 million for 2015. The company recently commenced a 3-year investment plan entitled “Future Raps” and will invest €18 million in modernization and R&D. A rebranding has also been announced.

More Articles